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20121202
20121210
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a loss of advertising money as lawmakers fail to find harmony over averting the fiscal cliff. the brand new dreamliner is under review after making an emergency landing in new orleans due to a mechanical glitch. larry shover of sfg alternatives joins us now on this wednesday for an early look at the market. what is going on with volume? is the market in a bit of a holding pattern here? > > yeah, the market is completely in a holding pattern right now. i think what i just saw yesterday, volumes are down about 10% on the 3-month average. but let's keep in mind that all eyes are on the fiscal cliff right now. we are at the end of the year, there's a lot of performance anxiety going on right now. so people are either locking in profits or not initiating new trades. > what is driving down the dollar? > > right now what is driving down the dollar is a lack of confidence in the united states government. that's plain and simple right now. are we going to lose our safehaven status? i doubt it right now. but in the short term, people are worried that this thing is not going to get figured out, an
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